The next bull cycle for oil won’t start until late 2016, warns analyst

Josef Schachter says the next bull cycle for oil will begin in the late of 2016 as the global supply glut pushes against storage capacity, forcing companies to reduce their output. However, the president and chief investment officer of Schachter Asset Management says investors will have to ride out another crash in oil prices at the end of the summer driving season before the market rebounds.

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